The Slovenian Ministry of Finance proposed legislation requiring businesses to accept at least one electronic payment method, ensuring modernization without infringing on the right to use cash. Exceptions include companies with annual revenues below €10,000 or those operating in areas with connectivity or security challenges, supported by a one-year transition period for compliance. The proposal aims to balance advancements in electronic payment systems with preserving cash as a payment option.
The proposed mandatory acceptance of electronic means of payment in Slovenia does not interfere with the right to use cash
Public
Slovenia
Author: Ivana Picajkić
Category:
Fiscal subject related
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Content accuracy validation date:
20.11.2024
Content accuracy validation time:
07:56h
On Thursday, 7 November 2024, the Slovenian Ministry of Finance submitted a draft bill regarding electronic payment methods for a one-month public consultation. This legislation would generally require businesses to accept at least one electronic payment option in physical stores and online.
According to the draft published on the E-democracy portal, electronic payment methods include various types of payment cards, credit payments, immediate credit payments, direct debits, and electronic money, among others. The Ministry also noted that providers could implement immediate payment options, such as the Flik service.
The Ministry emphasized that the proposed law does not affect consumers' rights to use cash for payments in euros. This reassurance comes amid public discussions about the future of cash and proposals to enshrine the right to use cash in the constitution.
Businesses affected by this obligation must inform consumers about their electronic payment options.
The draft includes exceptions, businesses with annual revenues below 10,000 euros would not be required to accept electronic payments. Additionally, if a provider operates in an area without reliable electronic connectivity or where security issues prevent it, they are also exempt.
A one-year transition period is planned to help businesses adapt to the new regulations.
This proposal aims to modernize payment systems while ensuring that cash remains a viable option for consumers.
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